The Latest Breaking News from Reed Hastings

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. "These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say…

San Francisco (AFP) - Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service.

The streaming service has seen billions wiped off its value after posting its first fall in subscribers for a decade. Can CEO Reed Hastings get it back on the right track?

Exclusive: world’s biggest streaming service has announced crackdown after first fall in customers in a decade

The "DVD" acronym originally stood for "Digital Versatile Disc." The first DVD to ship more than 1 million units was "Titanic." And when Disney released "Snow White and the Seven Dwarfs" on DVD in October of 2001, it sold 1 million copies. In one day.

After years of growth, the streaming giant revealed a shock fall in subscribers. But is it really downhill from here?

The company’s fall in subscribers is a moment of reckoning for media groups pouring billions into online platforms

Interest in ad-supported streaming video services is rising as subscription video-on-demand services like Netflix are facing slowing growth.

Bill Ackman’s Pershing Square Capital Management exited its position in Netflix (NASDAQ: NFLX) on Wednesday, the billionaire hedge fund manager told shareholders in a letter.